Natural Gas Services Group, Inc. (NYSE:NGS) saw a notable insider transaction this week, as Independent Director John Jackson purchased US$58,000 worth of shares at US$28.90 per share. While the transaction is relatively small, it is seen as a positive signal for the company.
The largest insider sale over the past year came from Stephen Taylor, who sold US$3.7 million worth of shares at US$37.58 each. This sale occurred at a price significantly higher than the current share price of US$29.70, making it difficult to draw strong conclusions from the transaction.
Over the last year, insiders have bought 5,130 shares worth US$158,000 but sold 160,000 shares for US$5.7 million. Stephen Taylor was the only individual insider seller during this period, with an average sale price of US$35.46 per share.
Insiders currently own 2.4% of the company, valued at approximately US$9.1 million. While the recent purchase by John Jackson is encouraging, the overall insider transactions and ownership levels do not inspire strong confidence.